<ul><li>India may just escape the worst of the storm from the recently announced Trump tariffs, according to Neelkanth Mishra, chief economist at Axis Bank.</li><li>Only three out of the 12 trade groups, which account for 85% of the US imports, will contest the tariffs: Canada, China, and the European Union. Retaliatory measures will be serious only from China.</li><li>The Trump administration aims to maintain a multilateral world order, generate revenue, and weaken the strong US dollar. Uncertainty is expected in global markets for the next six to nine months.</li><li>India may remain relatively insulated from the economic risks. The monetary policy committee is likely to cut rates, with the repo rate potentially coming down to 6%.</li></ul>

Trump Tariffs: Trade Turbulence Ahead, But India May Sail Smooth, Says Neelkanth Mishra

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